This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $96,729 initial cash invested.
-5.09%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$2,916
Rent
-$410
Cashflow
Cash Flow
$2,916 income − $3,326 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,326
Mortgage P&I
69%
$2,014
Property Taxes
6%
$185
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321